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Debt
Payoff math and payoff order, so a loan stops being a mystery.
Loan Payment
The fixed monthly payment on a loan, given its amount, rate, and term.
Formula
Total Interest
The total interest paid over the life of a loan, on top of what you borrowed.
Formula
Amortization
See how an extra yearly repayment shortens a loan and cuts total interest, versus paying it off on the original schedule.
Formula
Debt Avalanche
Pay off debts ordered by highest interest rate first, to minimize total interest paid.
Strategy
Debt Snowball
Pay off debts ordered by smallest balance first, to build momentum through quick wins.
Strategy

